Indian banks are in their healthiest state in decades, with asset quality improving to multi-decadal lows. However, the value of reported frauds has significantly increased. While state-run and private banks saw a slight decrease in their share of the consolidated balance sheet, foreign, small finance, and payment banks gained market share. Loan growth at state-run banks improved their share of total advances, though their deposit share declined. Overall net profits increased, albeit at a slower pace, and banks remain well-capitalized.